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- Mar 7, 2007
Niketalk,
I'm thinking about buying a home. I have a 50k down payment(gifted). If the home costs 130k, the monthly payment on a 30 yr mortgage would be ultra affordable for my current situation.
My question is, if I sell the home after 3-4 years, am I only liable for the principle (80k) and the interest for those 3-4 years? Or are their other things I need to worry about?
I'm thinking about buying a home. I have a 50k down payment(gifted). If the home costs 130k, the monthly payment on a 30 yr mortgage would be ultra affordable for my current situation.
My question is, if I sell the home after 3-4 years, am I only liable for the principle (80k) and the interest for those 3-4 years? Or are their other things I need to worry about?